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#142 Dr. Burton Malkiel On 'A Random Walk Down Wall Street,' The Best Way To Invest, And What You're Getting Wrong About 'Efficient Markets'
Description
Dr. Burton Malkiel, author of the influential book, "A Random Walk Down Wall Street," which revolutionized how people approach investing, joined Julia La Roche on episode 142.
Link: https://www.amazon.com/Random-Walk-Down-Wall-Street/dp/1324051132
0:00 Intro and welcome Dr. Burton Malkiel
1:30 Writing ‘A Random Walk Down Wall Street’
4:30 Reaction to ‘A Random Walk’
5:30 90% of active managers do worse than the index
8:14 Investing in the first index fund, and its returns
12:48 This is the way to invest
19:30 Exchange Traded Funds (ETFs)
22:29 Bitcoin spot ETF, bubbles
27:18 Debunking that ETFs distort financial markets, fuel a passive investing bubble
33:40 Efficient Market Hypothesis and what the media gets wrong
38:20 View of the markets, macroeconomics
43:50 Retirement crisis ahead?
48:48 Background
50:38 Parting thoughts